Janney Capital Management LLC Cuts Holdings in Emerson Electric Co. (NYSE:EMR)

Janney Capital Management LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,754 shares of the industrial products company's stock after selling 4,785 shares during the quarter. Janney Capital Management LLC's holdings in Emerson Electric were worth $10,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stokes Family Office LLC raised its position in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares during the period. Clark Capital Management Group Inc. raised its position in Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after purchasing an additional 434 shares during the period. World Investment Advisors raised its position in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares during the period. Geode Capital Management LLC raised its position in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Emerson Electric in the 4th quarter worth about $297,947,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EMR shares. Citigroup increased their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays raised their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, KeyCorp raised their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $136.47.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 0.3%

EMR traded down $0.36 during trading on Friday, hitting $128.30. The stock had a trading volume of 5,780,018 shares, compared to its average volume of 2,978,732. The company has a market capitalization of $72.17 billion, a PE ratio of 30.69, a PEG ratio of 2.54 and a beta of 1.28. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a 50 day simple moving average of $114.58 and a two-hundred day simple moving average of $118.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.64%. Emerson Electric's payout ratio is currently 50.48%.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.